Capital structure and stock return : A quantitative study of the relationship between leverage and stock return on Swedish listed firms

Description

This study investigates the effect of leverage on stock returns on Swedishlisted firms (Large and Mid-cap). Stock returns have been calculated, andleverage ratios have been collected through Datastream. The results contradictfundamental theories on capital structure. According to the fundamentaltheories there should be a positive relationship, but the result of this studysuggests that the relationship is negative.

Links & Downloads

1. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-113701

Tags

Capital structure

leverage

stock return

Modigliani & Miller

pecking order theory

trade-off theory

financial risk

Business Administration

Företagsekonomi

Additional Fields

Identifer	oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:lnu-113701
Date	January 2022
Creators	Åberg, Erik, Andersson, Philip
Publisher	Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO)
Source Sets	DiVA Archive at Upsalla University
Language	English
Detected Language	English
Type	Student thesis, info:eu-repo/semantics/bachelorThesis, text
Format	application/pdf
Rights	info:eu-repo/semantics/openAccess